Use the Figure Below to Answer the Following Questions

question 49

Multiple Choice

Use the figure below to answer the following questions. Figure 5.3.1
-Refer to Figure 5.3.1.If the quantity produced is 200,

• A)a deadweight loss exists.
• B)the sum of consumer surplus and producer surplus is maximized.
• C)production is efficient.
• D)the sum of consumer surplus and producer surplus is zero.
• E)deadweight loss is minimized.

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